Nornickel, the world’s largest palladium producer, is exploring new technologies to sustain demand for palladium, particularly in China, as the rise of electric vehicles diminishes the need for the metal in traditional internal combustion engine (ICE) vehicles. The company is partnering with Chinese universities and industries to develop applications in hydrogen production and water purification, which could generate up to 15 tons of new, long-term palladium demand. As China leads the charge in green technologies, Nornickel is positioning itself to meet the evolving demand and maintain its market dominance through innovation and collaboration.
Tag: market demand
Investing in Africa’s Manufacturing Growth – A Pathway to Sustainable Prosperity
Africa’s manufacturing sector is emerging as a key engine of growth, offering unparalleled investment opportunities as the continent urbanizes and industrializes. With a rapidly expanding population and middle class, Africa is becoming a robust market for high-quality goods. The continent’s abundant natural resources and strategic location between major global markets further enhance its appeal. Supported by progressive policies and technological advancements, Africa is poised for a manufacturing renaissance that can drive economic diversification, create jobs, and elevate living standards. Now is the time for investors to seize this opportunity and contribute to Africa’s sustainable prosperity.